With the emergence and long-term Impact of COVID-19, Global Network Emulator Market to reach USD 320.32 Million by 2029
Bizwit Research & Consulting LLP’s recent analysis on the Global Network Emulator Market points towards a potential rise to USD 320.32 Million by 2029. Network emulation is a method for testing an application’s real-time performance across a virtual network. It differs from network simulation, which only uses mathematical representations of network models, traffic, channels, and protocols. It is mostly used by service providers, programmers, and producers to assess the robustness of the network application or product. Impairments, routing, modifiers, and filtering are the core features of network emulators. The market growth is primarily driven by the factors such as the rise of attacks and security breaches on networks, the increasing adoption of SD-WAN technology solutions, and the growing need for reduced downtime in networking.
Geographically, the global Network Emulator market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America is the leading region across the world in terms of market share owing to the increasing research and development investment for advanced technologies by governments and organizations along with the growth of BFSI and the retail sector in the region. However, Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2022-2029. Factors such as the increasing adoption of IoT devices and machine-to-machine connections have boosted the demand for networks thereby, accelerating the need for network emulators across the Asia-Pacific region.
The global Network Emulator market is highly competitive owing to the presence of several key manufacturers such as Spirent Communications, Keysight Technologies, Apposite Technologies iTrinegy, Polaris Networks, PacketStorm, Aukua Systems, Inc, Calnex Solutions, SolarWinds Corporation, InterWorking Labs and others.
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Key findings of the study suggest:
- Global Network Emulator Market is anticipated to grow with a healthy growth rate of more than 8.1% over the forecast period 2022-2029.
- In the Application Type segment, Cloud emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to well-established countries with robust infrastructures, drives significant demand for network emulator solutions in the region.
- Asia Pacific is expected to grow at higher rate during 2022-2030 owing to increasing development and deployment of mobile 5G networks and IoT applications in the region.
Bizwit Research & Consulting has considered following segments for the study:
By Application Type:
- SD-WAN
- Cloud
- IoT
- Others
By Vertical:
- Telecommunication
- Banking, Financial Services and Insurance
- Government and Defense
- Others
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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